Economics
Japan Stocks Jump to Highest Close in Month Following U.S. Surge
- Global equities climb with S&P 500 following factory data
- Toyota, Mitsubishi UFJ soar to lead gains on Topix index
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Japanese stocks jumped to the highest closing level in a month, adding to a global rebound in equities, as the yen weakened and U.S. data indicated manufacturing in the world’s largest economy may be stabilizing.
The Topix index jumped 3.8 percent to 1,349.61 in Tokyo, with all of its 33 industry groups rising. The Nikkei 225 Stock Average added 4.1 percent to 16,746.55, with both measures closing at the highest level since Feb. 8. The yen traded at 113.92 per dollar after dropping 1.1 percent on Tuesday. The Nasdaq 100 Index powered to its best day in six months as U.S. equities lead a March revival in global equities amid signs that the world’s largest economy remains on firm footing.